Category: Technology

A change in the US political scene could result in Sri Lanka losing out on foreign investment that comes in as outsourcing projects like call centers.In-house politics are bad enough but trade analysts now caution that politics across the Atlantic could be just as painful, thanks to the spotlight catching the subject of outsourcing.rn rnldblquote […]

Sri Lanka Telecom said Tuesday that it is joining 16 global telecom carriers to build a new US$ 500 mn submarine cable network.The submarine cable will span 20,000 km (12,400 miles), connecting 14 countries and will boost high-tech communications between South East Asia, the Middle East and Europe.rn rnLabelled SEA-ME-WE 4, the network will carry […]

Industry watchers say the move would not shift the local operations strategies as the parent entity- Hutchison Whampoa expects to remain the majority shareholder of the new entity, such that revenue, assets and liabilities will be consolidated into Hutchison Wampoas accounts. rn rnHutchison Telecommunications Int., the new spin-off is valued at over US$ 4 bn […]

Dialog GSM is offering immediate connections to its pre-paid customers, who buy their connections from any Cargills Supermarket chain.Sri Lankas largest cellular operator says pre-paid cards endash branded as KIT endash currently accounts for around 650,000 of its 900,000 customer base.rn rnCargills, is presently the largest privately held supermarket chain with 51 stores located in […]

The telecom watchdog is taking a second look at the controversial Caller Party Pays (CPP) tariffs, this time taking account of its implications to phone subscribers and bulk users.The Telecommunications Regulatory Commission (TRC) has opted for this route, as public responses flood in since a March 1 implementation date was pushed back.rn rnThe review will […]

Intel Expanded its product offer in Sri Lanka as it faces growing demand for its processors from the state and private sector and a growing population of individual personal computer users. Intel of Wednesday introduced four new processors that promise to deliver an even faster digital experience and offer headroom for the next wave of […]

Sri Lanka Telecom said it was pumping Rs. 600 mn to float a fully owned subsidiary endash Telecom City (Pvt) Ltd.SLT said the capital injection would come in on a staggered basis to suit progress and development of the project.rn rnIn the first instance, it has been decided to pay up Rs. 2.50 per share […]

Standard Chartered Bank said on Wednesday that it was the lead arranger to a US$ 86 mn seven-year syndicated loan facility to fund Mobitel (Pvt) Ltd.s expansion drive.Eight local banks participated in the US dollar/Sri Lanka rupee syndication, while the Swedish Export Credit Agency, or EKN, had given it “partial support”.rn rnThe syndication partners included […]

Mauj, an Indian based mobile content provider made its first foray into the local market, launching a Java based cricket game for mobiles. However, the game will not be available in Sri Lanka until local network providers sign up with Mauj to distribute its content.rn rnRicky Ponting Cricket 2004, launched Tuesday is only one of […]

Telecom operator Suntel has seen its earnings jump 305 percent to Rs. 505 mn, though revenues were flat at Rs. 3.425 bn as at end Dec. 2003.Sri Lankas second wireless operator said falling interest rates cut debt servicing costs and helped swell its bottomline.rn rnFinance costs fell to Rs. 1.757 bn from Rs. 2.640 bn […]

The much-hyped third generation cellular services will soon be a reality, with the first of three trial networks launched by Dialog GSM on Tuesday. Though only on a test basis, CEO Dr.Hans Wijayasuriya says it creates an opportunity for Sri Lankans to interact with new age technology and offer application providers a platform to test […]

Leading IT companies including Oracle, Sun Microsystems and Intel are planning to open offices here on the back of one opened by Microsoft, a top bureaucrat told LBR.Three large call center projects are also slated for launch within next two months, one a captive center for a top insurance firm and two by leading Business […]